ULTRATECHCEMCO in consolidation

٩ فبراير ٢٠٢١

Stock has been in short range consolidation since 2 days and formed a ascending triangle. It could break either side but as the long term trend is bullish and heavy volumes are seen today during end 15 mins of session today, probability is higher to be broken upside.

6485 i.e. the ATH will be crucial to be breached and sustained to see a upmove.

6400 i.e. low of the short range can act as good support.